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of government in your life. i would like to know what to think about that. it is a hearty debate it seems this year between the two debates. our lines are open and. -- lines are open. you also send us a message by e- mail. can post on facebook foresees ben. weet.end us fa t what should the role of government be in your life? this story was part of peter baker's coverage of the debate. a clash of philosophies. one side sees the central government role. the other side wanted to get out of the way. is also the subject of a fairly new poll from the gallup group majority in the u.s.a., doing too much. so the majority of americans continue to believe the government is trying to do too many things. that is down from a record high of 61% earlier this summer. but for an 10th said the government should do more to solve the nation's problems. we wanted to turn to you and ask, what you believe the role of the government should be in your life? let us listen to president obama. [video clip] >> the first role is to keep the american people state. that is its most basic function. as commander in chief,
across the border. >> clinton said the u.s. government is consulting with turkey over what she called a very dangerous situation. turkey is a nato ally of the u.s. she called on responsible nations worldwide to push the syrian government into a cease-fire and political transition of power. >>> emergency workers in syria are doing what they can to hp the wound aftern attack in the city of aleppo. at least three powerful explosions ripped through the center of the commercial capital. they killed more than 30 people. state run tv reports explosions occurred near an officer's club in the northern city. opposition forces are claiming responsibility. they say they used the car bombings to target officers and militias loyal to president bashar al assad. the free syrian army renewed its offensive last week in an effort to win control of aleppo. government forces responded with air strikes. a free syrian army said they mobilized 30,000 troops and 2,000 tanks for the battle. rebel fighters plan to carry out more simultaneous bombing attacks on the military. >>> plummeting value of iran's curren
it collided with another boat. 120 people were on board when it sank. dozens did not survive. the government claimed that numerous obstacles were what prevented the passengers from escaping safely. survivors have been taken to hospitals across hong kong. the cause of the accident, which took place over a long holiday weekend, is still unknown. officials have said the priority is to locate all the missing passengers. >> the president of georgia has conceded that his party has lost the parliamentary elections. he said it was clear that the opposition party hadary majorit. their leader, the country's richest man already, had declared victory. it is the first time in their post-soviet history the power changed hands without a resolute -- revolution. he said he did not agree with the policies of the green coalition party. >> you know that for us, for me, this news was fundamentally unacceptable and remains so. there are deep differences between us and we think that their views are completely wrong. but this is how democracy works and we respect that very much. >> we are in dupont -- tbilisi. tell
of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? one, two, three. [ both ] ♪ emma, emma bo-bemma ♪ banana-fana-fo-femma ♪ fee-fi-fo-femma ♪ em-ma very good sweety, how do you feel? good. yeah? you did a really good job, okay? [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. [ female announcer ] to nurses everywhere, why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has k
there, but the taught there, and i enjoyed him. he can govern. he governedded massachusetts, a state was ungovernable with a democratic legislature. he'll go back to that if he gets in and begin to do it. i hope he comes across without looking like the handlers were at him out all. neil: what do you think of how he's run the campaign? >> handlers got to him. when you run, and you got a staff like that, and they say don't do this, and, of course, obama has the crack staff. he's got axelrod and gibbs, and they are not interested in policy. they are interested solely on getting their guy re-elected, like america can shovel along because our first job is to get our guy re-elected while the other issues go on unaddressed. people are tired of that and disgusted. neil: will they welcome the tough medicine that will likely go along with this? you've always told me, senator, that people are grown ups, understand the issue, and you think they'll work on these? >> we go all over the country, saying pull up a chair. we don't do bs or mush, but math, and not myth. we don't want filtered questions
america. i say it's because of the pills of stimulus, a massive government spending, and heavy regulation simply has not produced a robust economy which would raise the middle glass. it's subdued the middle class. what's your explanation. >> well, i mean, that's the debate between governor romney and president obama. i mean, you're right. and that's the middle class is really struggling. something that's been true really for 30 years, when you look past what's happened in the middle class the last 30 years, it's basically treading water and it's gotten much tougher in the past four years, and this big debate between the two sides is whether it was, the bush policies, that preceded that president obama that was a major contributing factor or is-- a the romney campaign is trying to argue with the stimulus measures and other steps that the obama administration took. >> well, congressman, what is going to get us out of it? do you think that of continued policy of raising taxes on the rich, that's the policy. a continued regulation, under obamacare, and financial reform, continued regulation,
and north. and still weuntil we were unite0 and we agreed on political rights. now, the government is across the border from the political spectrum in yemen. therefore, any government will eliminate any component. this will not do yemen any good. we are in need of an inclusive approach, so we will make this initiative work. thank you. >> thank you, congresswoman. [applause] >> thank you very much. i was watching the clock. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tonight, more campaign 2012 coverage with a live wisconsin senate debate. current congresswoman tammy baldwin debates former health secretary tommy thompson, who is a republican. the debate is hosted by the wisconsin broadcasters association, and it is courtesy of wmvs tv in milwaukee. you can see it live on c-span, listen on c-span radio, or watch it live online. tomorrow on "road to the white house," vice president joe biden holds a campaign rally in fort myers, florida, as part of his campaign tour through this battleground state, which began to
by the government. on the other hand, 9/11 survivors and those impacted by hurricane andrew, they received endless government assistance. watch this. >> i want to give you one example because this really steams me up. this isn't in the prepared remarks...: down in new orleans, where they still have not rebuilt 20 months later. there is a federal law when you get... reconstruction money from the federal government, called the stafford act. basically tsays, when you get federal money, have to give a 10% match, the local government's got to come up with 10%. every $10 the federal government comes up with, the local government's got to give a dollar. now, here's the thing. when 9/11 happened in new york city...: they waived the stafford act, said, this is too serious a problem. we can't expect new york city to rebuild on its own. forget that dollar you have to put in. that was the right thing to do. when hurricane andrew struck in florida, people said, look at this devastation! we don't expect to you come up with the money. here! here's the money to rebuild. we are not going to wait for to you scrat
like this, engaged in the mundane task of nurturing local government. afghan national police now man this lookout over a small southern village, while their u.s. green beret advisers work with local leaders on civic improvement. >> once the afghans can take care of themselves and they're self-sustainable, they're telling the negatives, we don't want you here. we don't need you here. >> reporter: the plan is to train afghans to secure themselves by 2014. but u.s. commanders want assurances that until then, afghans will guard their back. >> it's their leadership that has to come to play to reduce the threat to us. >> reporter: over the last eight days i've seen a lot of interaction between u.s. and afghan troops. some of it relaxed. but, brian, at all times there's one or two fully battle-dressed american soldiers with their fingers near the trigger, just in case. >> lester holt starting off our coverage in kabul tonight. lester, thanks. now to our chief foreign correspondent, richard engel, also in kabul, on what's been accomplished and what hasn't in over a decade now in that country
. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey thou
in the federal government. a senior official in the federal government spending millions of dollars of taxpayers money and you're a mistake, was ticket. i would say, lookat all 3 of us, decide who you think will do job, pick that person in november, because believe me, said before, the party is over f clean-up crew. we do o have change and people that don't take responsibility for anything when it happens on their watch and people in charge time. >> time is u more later. >> governor clinton, you have one minute. >> ross gave a good answer, but i havrespond to mr. bush. you have questioned my patriotism. you even brought some right wing person to attack me how ing to russia when over 60,000 americans did. i honored your service world war ii and mr. rot's honoring in the military. but, when joe mccarthy went around this country attacking people'spawas wro. he was wrong. the sen tore from connecticut stood up to him. you were wrong to attack my patriotism. i was opposed to the war and i love my country. we need a country to bring this country together. i want to lead a unified untry. >> all right.
with the world's most famous spy. the turkish government insists it will respond forcefully to any of cells on -- assaults by syria on the turkish people. the country does not intend to start a war with syria but he has the backing of parliament to act with force if necessary. the turkish foreign minister spokesmen told the bbc it was in syria's hands to insure calm returned to the area. >> there were schelling's in the last 10 days. -- shelling in the last 10 days. the thelling was huge -- the shelling was huge and painful. we do not want to declare a war, but we have to prepare for any eventuality to protect our citizens. >> we are in the border area with our correspondents in just a few minutes. let's have a look at some of the other stories making headlines around the world. american tourists killed a person after opening fire in a hotel. the gunman was shot dead by security forces after he opened fire on friday morning. this happens at a red sea resort. the boats for -- motives for the gunfire is not known. lawyers for the islamist say his deteriorating mental health means he will be o
monitoring the content of conversations they tell us. that is the government is keeping tabs on to whom people are talking but not what they are saying still an aclu representative says a rise in surveillance is some cause for concern. >> the people have a right to know how these extremely invasive surveillance powers are being used and if there is nothing to hide, if they're not being abused where is the harm in letting us know. >> shepard: federal judge authorized every instance of surveillance and a smokesmanned as as criminals use more and new sophisticated technology the use of orders issued by a judge and explicitly authorized by congress to obtain non-content information is simply for federal law enforcement officials to carry out their duties to protect the public and investigate violations of federal law. we knew about the death of a u.s. border agent. now there is a new report that indicates guns linked to operation fast and furious may have been involved in more killings. and we're getting word just how young some of those victims are said to have been. a live report is next.
. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> is that essentially it? >> that's essentially it. people would have a choice of either traditional government- run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will the check that comes from the government cover the cost of government-run medicare or the private health insurance? >> oh, yeah, people will have a choice of at least two plans where they have no additional out-of-pocket cost other than the traditional medicare formula so they've got to have at least a couple options where they don't have to put up more money. as to the government plan, as long as the government is able to keep its cost down, keep its overhead down it could well be one of the lowest costs, if not the lowest cost option. >> pelley: separately republican party said today that it has filed a complaint again
about a stimulus and hiring more government workers and having the government making investments. of course, he talks about raising taxes. they plan to raise taxes on the american people and that will kill jobs. we want to create jobs and not kill jobs in this country. [applause] we also heard this plan are raising taxes and cutting medicare. in fact, there has been a study released this week. the people look at his spending plans and all of the debt they create and interest that its charge. he will raise taxes on the middle class as well by some $4,000 per family. the american people do not want more taxes. they want less spending and more growth. we will do that and get america back on a balanced budget. [applause] i do not want to raise taxes on any one. this president seems to think that keeping our taxes the same as they are now is a huge tax cut. only in washington would do thing keeping taxes as they are is a huge tax cut. hot i will find a way to bring our taxes down -- i will find a way to bring down our taxes. we will give the middle class a tax break. [cheers and appla
: in 1994, the government adopted a combined sewer overflow policy to reduce csos nationwide. cities with combined sewer overflows now face an enforcement action called a consent decree. under a consent decree, a city must reduce pollution levels significantly within a strict time frame or face heavy fines. in 1960, the combined sewer overflows were a perfectly legitimate way of dealing with sewers. woman: the mind set was that, what did it matter if we were sending our waste downstream? water was a good conveyance for pollution. man: sewer systems are installed to reduce public health problems. now what you're doing is transferring the problem, you're transferring it to downstream cities. in addition, cities and towns above pittsburgh were doing the same thing. and then they were affecting the water intakes of pittsburgh. 90% of this region gets its drinking water from those same rivers that we have overflows occurring. hecht: we have sewage overflow with as little as 1/10" inch of rain. and our average storm here is a 1/4" storm. lichte: over a year's period, 16 billion gallons' wo
with occupying forces and the israeli government. the settler is attack should not surprise anyone, for it is the inherent code on the continuation of occupation anti-dormant policy that deems the satisfaction to be the absolute priority. it is that isreali curriculum and extremist opinions that are ripe with hatred and are rooted in discriminatory laws created and enacted over the years against the palestinian people, as well as by the security apparatus which provide excuse after excuse for the accelerated -- the fabricate excuses for soldiers who have committed what are clearly considered crimes and acts of murder, torture, and abuse. over the past year since the convening of the general assembly's previous assembly, the occupying insisted -- it is a campaign aimed at altering the mankind.s it is a campaign of ethnic cleansing against the palestinian people via demolition of their homes and prevention of their construction and residency rights and the denial of basic .ervices and schools they took the city and prevent millions of palestinians from 3 accessing its schools, church
't want people to take their stuff because the government has no right to do that. today, the obama campaign lashed out against the katrina criticism. >> mitt romney's allies in a desperate attempt to change the subject from a video in which mitt romney wrote off half of the american people are circulating a video that was covered by the campaign press corps at that time. i have got to tell you, if the romney campaign thinks this is what americans are looking for tonight in place of plans for the middle class, they are in for a surprise. >> so you are saying this speech is no big deal then? >> well, i don't think anybody anies that the government's response to katrina was sufficient. >> bill: it's not about katrina. it's about how you frame your criticisms. again, you can decide whether the president's rhetoric is acceptable or not. but again the key question becomes would it be smart for mitt romney it bring this up in the debate tonight. you know the president is going to hammer the governor over 47% remark. the campaign just did that you know it's going to happen again tonight. t
in the government's response to hurricane katrina. now the reverend jeremiah write was in the audience at the time. mr. obama went on to praise the controversial pastor, calling him a friend and a great leader. mike emanuel is live in washington with all of this. and, mike, some of then candidate barack obama's remarks deal with trying to help poor people. how did he handle that topic? >> reporter: well, gregg on the video senator obama at the time seas we don't need to build more highways out in the suburbs. he said there should be investment in minority owned businesses in our neighborhoods in front of that group of black ministers. here is mr. obama on assisting the poor. >> they may need help with basic skills, how to shop, how to show up to work on time. how to wear the right clothes. how to act appropriately in an office. we have to help them get there. >> reporter: about hurricane katrina then senator obama said the federal government doesn't care as much about the people down in new orleans of the he says the poverty and hopelessness there were long before the hurricane and katrina pulled
. on taxes, it is the reverse. romney leads by one. but on government spending, this is really amazing, mitt romney leads by 17 points. does he need to exploit that? >> well, yeah, i think he does. i'm actually amazed it is not bigger. there were 38% of the people polled think that president obama would be better on government spending? i mean, honestly i just don't have any explanation for how those 38% could believe that unless they're government workers. mitt romney should be pushing hard on this question of government spending, debt, deficits and make this much more of an idealogical argument, an idealogical case against the president. he is a big government liberal. he expanded government at every turn. he will expand government further in his second term. gregg: want to put one more graphic poll up for you. most voters, 73%, say they're aware of the 47% comment notoriously made by governor mitt romney. but look at this, 63% think he is right when he argues that too many people in america are dependent on the government. you have to add two numbers together. mostly true, 36%. somewhat t
the people. this is the way the framers of the constitution intended our government to be, a government that comes from the people. over time we have developed a government that comes at the people, that comes from the top down, where the people are more or less treated as objects to be programmed during the campaign with commercials and media events and fear messages and personal attacks and things of that nature. the thing that separates my candidacy and makes it unique is that this came from millions of people in 50 states all over this country who wanted a candidate that worked and belonged to nobody but them. i go into this race as their servant, and i belong to them. so this comes from the people. >> governor clinton, a one minute response. >> the most important distinction in this campaign is that i represent real hope for change, a departure from trickle-down economics, a departure from tax and spend economics, to invest in growth. but before i can do that, i must challenge the american people to change, and they must decide. tonight i say to the president: mr. bush, for 12 year
-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will have to make some big tradeoffs. >> so, governor romney has made five promises. he can't keep them all. he is going to have to, at some point, abandon one of those promises. he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estima
as compared to romney's own perscriptions that call for smaller less expensive government. for the president what he's going to try to do is say look, maybe things aren't so great but it is partly the fault of george w. bush and the republicans who were in office prior to the democrats taking control in 2009, so we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on
administration withheld crucial information about the u.s. consulate attack on purpose. one government agency is taking responsibility is this just the white house trying to cover up the coverup. >> for get state and federal taxes. if the united nations gets its way the united states tax me g.e.d.en could go global. >> just how friendly are our skies? "fox & friends" begins right now. snet ♪ >> good saturday morning, everyone. welcome in to "fox & friends" on this early fall morning. coming up in just about a half an hour we are going to talk about whether or not spanking should be considered a form of child abuse. one state is actually moving, perhaps, to make it that way. you could be locked up as a result of it. >> looking forward to that debate. we will answer that question. which one of us three is the funniest reporter in new york? we'll not give you any clues. >> no clues. >> i said no -- >> more on that later on in the program. >> meanwhile the top story, the news that has consumed us for the better part of two weeks now. that is what happened in benghazi? why was the message coming
million to the new government in egypt which is run by the brotherhood. this proposal comes to congress at a point when the u.s.-egypt rip has never been under more scrutiny and rightly so. i am not convinced of the urgent need for this assistance and i cannot support it at this time as chair of the subcommittee i have placed a hold on these funds. earlier in the week, in new york. secretary of state hillary clinton mentioned this month want riots in egypt and context of the ongoing arab spring. she made clear in a state department's estimation right now. the way to calm down these protesters is to secure the country, in part, with money. the recent riots and protests throughout the region have brought the challenge of transition into sharp relief. extremists are clearly determined to hijack these reforms and revolutions to it further their ageneral does and ideology so our partnership must empower those that would see their nations emerge as true democracy. >> back in september all the foreign aid conference shed said they would send to egypt was contingent on supporting a democratic g
, there are five or six changes in vietnam. we begin with a military government. it last a few months, and then a mixed civilian and military government. and then few months later, go back again to military. but anyway, the last government in the south before i become premier was civilian government. that mean the chief of state, mr. shue was the civilian. the prime minister was a civilian. but i think because they belong to two different political group. so they continued to fight each other as chief of state and as premier. so at the end, you know, how are we going to run the country with that kind of friction and fight? so one night they call up the armed forces council, which as commander of the air force, i am the member. so they call up on us to see them at the office of the prime minister. and they told us that they resign and handed the power back to the armed forces council. >> how many are on the armed forces council? how many generals? >> about 12, yes. but the armed forces council, few hundred. we include the young officers commanding division and battalion. but anyway, th
later this morning. the government releases its september unemployment report. experts see that jobless rate rising from the current 8.1%. >> we'll be talking about that a little later. susan mcginnis in washington. thank you so much. word this morning that a rare but deadly meningitis outbreak has the potential to get bigger. it's possible thousands of people are at risk. so far at least 35 people in six states have contracted the fungal meningitis. five have died. the shots behind the disease were shipped to 23 states. it's unclear how many people received injections. in tennessee 1,000 people received the tainted shots. seth jones reports. >> honest to goodness, i became more and more frightened. >> reporter: on monday sue learned she might have been infected by the fungus in the steroids given for back pain. >> what symptoms are you told to look out for. >> headaches, neck pain. vomiting. dizziness. a lot of flu-like symptoms. >> those could be -- >> could be anything. >> reporter: she was one more of 700 patients who received injections at clinics affiliated with saint thomas hospi
. the death toll now standing at 2,000. >>> and very fresh revelations in the government's botched gun tracking program known as fast and furious. with dozens more firearms being linked to crimes in mexico. guns connected to fast and furious have now been recovered at the sites of murders, kidnappings and at least two brutal massacres. >>> there are reports at the airports. in the past two days, loaded guns have gotten past tsa agents. >> reporter: in the latest black eye for tsa, a loaded .38 caliber gun like this went undetected by screeners. richardson mistakenly 234r50u with it from new orleans to newark. just one day earlier in orlando, they missed another loaded gun. this time in a firefighter's carry-on bag. that gun made it on to the plane. >> it's scary. >> i am voiced they missed something like that. >> reporter: some in congress worry this has all become business as usual. >> unfortunately, the reports i get, it's not just this one weapon. it's hundreds of items every day, but it can't be tolerated. >> reporter: but out for the record on security, the tsa says it had many su
. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. citigroup cannot buy it right now. basically sold by regulators. that is the problem he has. and what kind of record this gentleman has. think about how he leads the market. back in 2008 i remember several times went out and said head of merrill lynch that did not need new capital. you don't actively say one thing when the opposite is real. it was funny, when h what he woy that they would raise more capital, sell t
and they say who is going to pay for this? >> reporter: it could be the u.s. government should the family of brian terry prevail in their wrongful death claim. >> that will be an interestingment. >> reporter: the mexican government has remained silent. unwilling to criticize it northern neighbor. >> they only want the benefits from the politics. >> reporter: the univision identified 60 additional weapons tied to fast and furious. but it's the victims at a birthday party that outrages critics. paul ryan joined 30 house members calling for attorney general eric holder's resignation. martha: should eric holder resign u.s. attorney general because of all of this? one official at justice resigned and another retired in the wake of this scandal. another 14 officials may face disciplinary actions because of operation fast & furious. jay sekulow from the center for law and justice has behind this pursuit. for so long we heard about brian terry and we heard about the others in mexico who were also affected by operation fast & furious. now to hear these parents, to see the faces of these teenagers
the world with insights that god gave us our rights and not the government. [cheers and applause] these are rights which we have. i love america. my confidence in the future comes from my passion for this country and for the people of this country. do you realize how unusual we are as a people? i do not know how it began, but it is here. it is in our hearts. some years ago when i was serving as governor of my state, the then president of israel came to boston. i happen to have a lunch with him in someone's apartment. someone said to him, "what you think about america's involvement in iraq?" he said, "before i answer that, i need to put this into context." america is the greatest nation in the history of earth. i say this because of this -- in the history of the earth, whenever there has been war and conflict, the nation that wins takes land away from the nation that loses because land has always been the source of value on the planet." he said, "one nation in history, one nation, has laid on the lives of hundreds and thousands of its sons and daughters and has taken no land. amer
into january. what happens if we do? think of 1995. we have a government shut down. once the government shutdown, the pressure on both sides was so intense there was a deal in less than three weeks. the pressure when we go into january will be greater than it was then because the economic consequences if the market consequences are more significant. i think it is inconceivable that if we go into january there won't be a settlement in january, early february of the latest. we hit the debt ceiling in february anyway. there has to be a settlement. somebody will have to wait. probably both sides will link to some degree. i've talked a little that to people in financial markets in new york about how they think the markets would react to all this. there would be a lot of nervousness and a lot of volatility in the markets in january. if there is a deal with a few weeks on any deal, clearly retroactive to january 1st the tax cuts that have continued and will remove sequestration. then what i am being told is in the interim the dynamics won't be that significant. now, for the fiscal hawks, many
understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> s that essentially it? >> that's essentially it. people would have a choice of either traditional government-run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will the check that comes from the government cover the cost of government-run medicare or the private health insurance? >> oh, yeah, people will have a choice of at least two plans where they have no additional out-of-pocket cost other than the traditional medicare formula so they've got to have at least a couple options where they don't have to put up more money. as to the government plan, as long as the government is able to keep its cost down, keep its overhead down it could well be one of the lowest costs, if not the lowest cost option. >> pelley: separateedly republican party said today that it has filed a com
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